Google Plans To Stop Making A.I. Tools For Oil And Gas Firms
Google has pledged to stop building customized artificial intelligence (AI) tools that help oil and gas firms to extract fossil fuels…
Trump ‘Considering’ Travel Ban After Brazil Suffers Deadliest Coronavirus Day On Record
resident Donald Trump said he is considering imposing a travel ban on Brazil, following the South American country’s deadliest day…
Urban Outfitters Predicts 60% Fall In Same-Store Sales On Slow Recovery
Apparel retailer Urban Outfitters Inc (URBN.O) on Tuesday projected a 60% decline in same-store sales in the second quarter due…
S&P Stumbles As Recent Report Questions Moderna Coronavirus Trial Results
The S&P 500 closed lower on Tuesday, as investors focused on a report questioning Moderna’s recent coronavirus vaccine early-stage trial…
EasyJet Hack Leaves 9 Million Customers’ Details Exposed
EasyJet announced on Tuesday that it has suffered a major cyber attack from a “highly sophisticated” source. The budget European…
Pence Says He Isn’t Taking Unproven Hydroxychloroquine Treatment For Coronavirus
Vice President Mike Pence said Tuesday he is not taking hydroxychloroquine as a preventive treatment for the coronavirus. “My physician…
China’s Xi Pledges $2 Billion To Help Fight Coronavirus
Chinese President Xi Jinping said Monday his country will provide $2 billion over two years to help other countries respond to the…
Coronavirus: New Car Registrations In Europe Fall 76% In April
European car sales fell dramatically in April as coronavirus lockdowns in the region closed car dealerships and brought a halt…
Dow Drops More Than 300 Points, Erasing Earlier Gains
Stocks fell for the first time in four days on Tuesday, giving back some of the strong gains from the…
Johnson & Johnson Discontinues Talc-Based Baby Powder In US And Canada After Mounting Lawsuits
Johnson & Johnson said Tuesday that it is discontinuing its talc-based baby powder in the United States and Canada as demand…
Kohl’s Expects Sales For Women’s Apparel To Remain Weak, Exits Jennifer Lopez And Other Women Brands
Kohl’s Corp (KSS.N) said the coronavirus crisis would have a material impact on results this year as it removed eight…
Lufthansa Expects Hundreds Of Aircraft To Be Grounded Until 2022
Lufthansa is bracing for hundreds of aircraft to remain grounded due to the coronavirus pandemic well into 2022 and that…
Workers Hit McDonald’s With Class Action Lawsuit Over COVID-19 Safety
Five McDonald’s (MCD.N) workers in Chicago filed a class action lawsuit against the chain on Tuesday, accusing it of failing…
Facebook To Launch New Shopping Feature Across Apps
Facebook Inc (FB.O) is launching Shops, a service that will allow businesses to display and sell products on the world’s…
Over 4 Million Americans Are Now Skipping Mortgage Payments
Fewer Americans are calling their mortgage servicers to ask for relief from mortgage payments, but the housing industry isn’t out…
Nigeria: Blue-Chip Firms Dominate As Investors Gain N37bn
Transactions on the floor of the Nigerian Stock Exchange on Monday halted marginal negative sentiment witnessed last Friday to begin…
Mitsubishi Motors To Cut Costs After Slump In Annual Profit
Mitsubishi Motors Corp (7211.T) will focus on cutting fixed costs by 20% or more in the next two years after…
Investors Show Little Faith In ‘Bear Market Rally’
A majority of investors believe the global stock market rally will swing into reverse, with a second wave of coronavirus…
Low Oil Demand Faces Further Threat From Electric Vehicles
Oil companies may be facing uncertainty as the coronavirus pandemic triggers a collapse in demand for their products, but auto…
How Post-Pandemic Office Spaces Could Change Corporate Culture
By now it’s very clear that the coronavirus pandemic will change the way we work in offices — perhaps indefinitely. Less…
Walmart’s Same-Store Sales Rise 10%, Online Revenues Surge
Walmart Inc’s (WMT.N) first-quarter U.S. comparable sales rose 10% and the retailer reported a 74% rise in online revenue on…
Oil Production Cut Will Deepen Nigeria’s Recession, Says Fitch
A global credit ratings agency, Fitch Ratings, has said Nigeria’s compliance with the oil production cut deal led by the…
Nasdaq To Tighten Listing Rules, Restricting Chinese IPOs
Nasdaq Inc (NDAQ.O) is set to unveil new restrictions on initial public offerings (IPOs), a move that will make it…
Coronavirus: UK Jobless Claims Increased By 70% in April
The number of people claiming unemployment benefits in the U.K. soared in April, as the coronavirus outbreak created mass job…
Huawei Says New US Sanctions Puts Its Survival At Stake
Huawei has warned that its survival is at stake following the US government’s latest efforts to cut the Chinese company…
SoftBank Values WeWork At $2.9 billion, Down From $47 Billion A Year Ago
SoftBank Founder and CEO Masayoshi Son said Monday he was “foolish” for his firm’s multibillion investment in WeWork. His comment in an…
Are Oil Prices Rising Too High Too Soon?
Oil prices have rallied significantly, rising $10 in two weeks as markets are increasingly convinced that global demand for crude…
Germany, France Propose 500 Billion-Euro EU Economic Recovery Fund
The leaders of Germany and France proposed Monday a 500 billion-euro ($543 billion) recovery fund for European economies hit by…
SoftBank Is Selling Parts Of Its T-Mobile Stake In A Secondary Offering
SoftBank is selling part of its stake in T-Mobile through a secondary offering, CNBC’s David Faber reported Monday. Morgan Stanley and Goldman Sachs will underwrite the…
Uber Cuts 23% Of Its Workforce, To Focus On Ride-Hailing And Food Delivery
Uber Technologies Inc (UBER.N) will concentrate on its core businesses in ride-hailing and food delivery and cut 23% of its…